Forget about holding your breath if you think high energy prices in the U.S. might take a sudden drop this year. The federal government’s own forecast, one from the U.S. Energy Information Administration, expects prices to remain historically high through next year! The EIA’s June 2022 Short-Term Energy Outlook says prices will be high through most …
Lucas warns Democrats to cut red tape to solve methane problem
At a congressional hearing on methane emissions, Oklahoma Congressman Frank Lucas warned Democrats the nation doesn’t need to ban or tax methane in any way. It’s what he warned in an opening statement at a hearing held by the House Committee on Science, Space and Technology where Rep. Lucas is the Ranking member. The …
Gas prices hit all-time high in Oklahoma
Gasoline prices in Oklahoma are rising almost faster than you can fill up your car tank. Prices for regular gasoline reached an all-time average high of $4.54 a gallon in the state on Wednesday, according to AAA’s gas report. That’s a 5-cent-a-gallon jump in one day and 33 cents higher than a week ago. …
Energy news headlines of other stories
** The Interior Department’s Bureau of Ocean Energy Management began an environmental review of US Wind LLC’s proposed offshore wind project about 10 miles off the coast of Maryland, which could include up to 121 turbines and potentially power 650,000 homes in Delaware and Maryland according to POLITICO. ** Louisiana is looking into the source of a …
OGE makes it official with ratepayer bonds to cover storm costs
The effort to sell nearly $1 billion in ratepayer backed bonds to be used in covering OGE Energy Corp.’s February 2021 storm costs was launched this week. OGE Energy Corp, in the filing of a Form 8-K with the U.S. Securities and Exchange Commission indicated the Oklahoma Development Finance Authority began offering the bonds …
EV ownership soars in Arkansas
Electric vehicles registered in Arkansas are up 43% in the first five months of 2022 compared with the same period in 2021, with Benton, Pulaski and Washington counties home to 57% of those, according to info from the Arkansas Department of Finance and Administration (DFA). The number of fully electric vehicles in Arkansas as …
Oilfield employment went up in May
Oilfield employment across the U.S. increased by nearly 4,800 during the month of May, reaching a total of nearly 629,000 according to the government. The Bureau of Labor Statistics reported the increase in May totaled 4,774 jobs, bringing the nation’s total employment in the oilfields to 628,793. Click here for Energy Workforce and Technology …
Laredo Petroleum breaks up with accounting firm
Laredo Petroleum decided this week to end its services with Chicago-based Grant Thornton LLP as its accounting firm. But neither side gave any clue as to what caused the break-up, something that is typical when such splits occur. The Tulsa-based company fired Grant Thornton and appointed Ernst & Young LLP as its new public …
Shell offers green power plan in Texas
A new green power business for Texas homes was launched this week by Shell, a plan that includes free charging for electric vehicles during off-peak hours. Reuters reported the new U.S. retail brand is called Shell Energy Solutions. Click here for Reuters
Crude oil recovers and OK Energy stocks score big gains
U.S. crude oil prices finished up 1% Tuesday at a three-month high, bouncing back from a slight drop in Monday’s trading. Traders said the gain was based on supply concerns and a number of other geopolitical issues including the prospects for demand growth in China where coronavirus lockdowns are finally being eased. It also …